JPM vs USB
JPMorgan Chase & Co. and US Bancorp \de\, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | JPM | USB |
|---|---|---|
| Revenue | $182.4B | $28.7B |
| Net income | $57.0B | $7.6B |
| Gross margin | · | · |
| Net margin | 31.3% | 26.5% |
| Return on equity | 16.1% | 12.2% |
| Diluted EPS | $20.02 | $4.62 |
| Dividend / share | $5.80 | $2.04 |
| Payout ratio | 29.1% | 41.8% |
| Free cash flow | · | · |
| Equity | $362.4B | $65.2B |
| Net debt / equity | 0.43× | 0.48× |
| Current ratio | · | · |
| Revenue CAGR 5y | 8.7% | · |
| Profit CAGR 5y | 14.4% | 8.8% |
JPM bills 6.4× the revenue of USB, and keeps more of each dollar of revenue as profit (31.3% against 26.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | JPM | USB |
|---|---|---|
| FY2025 | $182.4B | $28.7B |
| FY2024 | $177.6B | $27.5B |
| FY2023 | $158.1B | $28.1B |
| FY2022 | $128.7B | $24.3B |
| FY2018 | $108.8B | $22.6B |
| FY2017 | $100.7B | $21.9B |
| FY2016 | $96.6B | $21.3B |
| FY2015 | $93.5B | $20.3B |
| FY2014 | $95.1B | $20.2B |
| FY2013 | $97.4B | $19.6B |
Bottom line
| Fiscal year | JPM | USB |
|---|---|---|
| FY2025 | $57.0B | $7.6B |
| FY2024 | $58.5B | $6.3B |
| FY2023 | $49.6B | $5.4B |
| FY2022 | $37.7B | $5.8B |
| FY2018 | $32.5B | $7.1B |
| FY2017 | $24.4B | $6.2B |
| FY2016 | $24.7B | $5.9B |
| FY2015 | $24.4B | $5.9B |
| FY2014 | $21.7B | $5.9B |
| FY2013 | $17.9B | $5.8B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$153,791,000,000 | JPM |
| FY2024 | +$150,101,000,000 | JPM |
| FY2023 | +$129,960,000,000 | JPM |
| FY2022 | +$104,393,000,000 | JPM |
| FY2018 | +$86,146,000,000 | JPM |
| FY2017 | +$78,803,000,000 | JPM |
| FY2016 | +$75,261,000,000 | JPM |
| FY2015 | +$73,237,000,000 | JPM |
| FY2014 | +$74,951,000,000 | JPM |
| FY2013 | +$77,765,000,000 | JPM |
| FY2012 | +$76,743,000,000 | JPM |
JPM has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.8 pp | JPM |
| FY2024 | +9.9 pp | JPM |
| FY2023 | +11.9 pp | JPM |
| FY2022 | +5.3 pp | JPM |
| FY2018 | −1.6 pp | USB |
| FY2017 | −4.3 pp | USB |
| FY2016 | −2.3 pp | USB |
| FY2015 | −3.1 pp | USB |
| FY2014 | −6.4 pp | USB |
| FY2013 | −10.8 pp | USB |
| FY2012 | −5.1 pp | USB |
The higher net margin has changed hands between JPM and USB over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
JPM's net margin has been more volatile than USB's over the 11 comparable fiscal years — 4.4 percentage points of standard deviation against 3.3.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between JPM and USB over these 11 fiscal years — JPM led in 4 and USB in 7.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
JPM's return on equity has been more volatile than USB's over the 19 comparable fiscal years — 3.4 percentage points of standard deviation against 2.5.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between JPM and USB over these 19 fiscal years — JPM led in 7 and USB in 12.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.